1. I identified a strong Support using Volume Profile and VWAP Trading setups.
2. When the price was near that Support I opened the Order Flow chart and I wanted to see some confirmation. Confirmation which would tell me that the BIG guys are also trading this.
3. After the price hit the Support, huge volumes appeared on Bid. Those were most likely Buyers who entered Long trades with Limit orders.
*I was talking about this trade entry confirmation in an Order Flow webinar I had recently. You can watch the recording here:
4. I placed my Take Profit in a place where heavy volumes showed before. Heavy volume zones often work as Support/Resistance zones. Staying in a Long trade when it hits a volume-based Resistance would be risky.
I hope you guys liked the video, let me know what you think in the comments below!
Have a GREAT weekend
-Dale
P.S. During the recent Order Flow webinar I made a special offer: -40% discount on my Order Flow Pack. You can get it until the end of February 2021 HERE
9 thoughts on “Order Flow & Volume Profile Live Trading (USD/CAD Futures)”
Manfred
Hi Dale,
I found your website, while searching for good informations about volume trading.
And I am very happy to detecting you.
You offer a lot of know how regarding this trading technique, where other coaches asking a big lot of money for.
My compliments.
Hello, I really enjoy it, I wanted to understand after I know how to trade according to your method, how many percent can I earn per month, how much risk and how much time should be devoted to trading every day
Hi Dale, Great Advice on the EUR/USD Trade yesterday! already up over 400 pips overnight & it could climb even more possibly to 1.12371 levels. Keep them coming!
Best for now mate,
Paul from London
Hi Dale,
I found your website, while searching for good informations about volume trading.
And I am very happy to detecting you.
You offer a lot of know how regarding this trading technique, where other coaches asking a big lot of money for.
My compliments.
Hi Manfred,
Thanks so much for your kind feedback, I hugely appreciate it.
Cheers!
Can you show how you set up your charts for that. I noticed there are different looking charts.
Bob
Hello Dale,
Does Order flow work on higher timeframes? like H1, H4 or D1?
Hi Kingsley, of course it does, but it’s meant to be used more for scalping and intraday trading. On swings I prefer to stick to VP and VWAP.
Hello, I really enjoy it, I wanted to understand after I know how to trade according to your method, how many percent can I earn per month, how much risk and how much time should be devoted to trading every day
Super clear example of what you teach. Very helpful! Thank you!
Hi Dale, Great Advice on the EUR/USD Trade yesterday! already up over 400 pips overnight & it could climb even more possibly to 1.12371 levels. Keep them coming!
Best for now mate,
Paul from London
That was an awesome trade, thankyou for walking us thru that. Looking forward to learning more!!